Global Foam Cooler Box Market: Overview

The foam cooler box is used to store and ship perishable and frozen products. The foam cooler box is also known as Styrofoam or expanded polystyrene (EPS) cooler box. Styrofoam (a trademarked brand, owned by The Dow Chemical Company) is the primary material to make a portable cooler owing to their low cost. Affordability, availability, and disposability are three critical factors for consumers while selecting the foam cooler box. The one more reason for using the foam cooler box is large sizes availability in less weight. Due to which foam cooler box is suitable for single applications as compared to a hard or soft cooler insulated cooler. A foam cooler box is available in a variety of shapes and sizes which are generally not available in a traditional plastic or metal cooler. Seafood products are also preferred to store in a foam cooler box. The foam cooler boxes with different handling methods such as wired or slide handled are expected to boost in demand.

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Global Foam Cooler Box Market: Dynamics

To sustain in market competition, manufacturers mostly produce custom sized and printed foam coolers. Despite industrial applications, the foam cooler boxes are increasingly used by the individuals for temporary cooling solutions used in outdoor activities. The food industry prefers a foam cooler box due to its low cost than plastic & metal coolers. Foam cooler box provided excellent insulation properties, which is useful to keep food fresh longer.

On the other hand, there are also many disadvantages of using foam cooler box. The primary product level restraints of foam cooler box are poor ice life, loose lid seal, and low durability. The foam cooler box has high chances of heat transfer as compared to metal and plastic coolers due to low density. Biodegradable cooler box made by molded pulp is expected to hampering the market growth of foam cooler box. The pharmaceutical industry is only end-user, which is expected to maintain demand growth of foam cooler box. A foam cooler box is a crucial part of the pharmaceutical cold chain solutions. Insulated foam cooler box is a significant container for storing and shipping temperature-sensitive medicine and pharmaceutical items.

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Global Foam Cooler Box: Geographical Outlook

The United States is leading market for foam cooler box owing to high adoption by pharmaceuticals industry. Canada is expected to import foam cooler box from the United States. The United States and European Union imposed a ban on polystyrene or foam use in foodservice packaging is expected to restrain demand for food-grade foam cooler box. In Europe, countries such as Germany, Poland, and Italy are the fastest growing market for foam cooler box used in pharmaceuticals. In the Asia Pacific region, China is anticipated to be leading manufacturer and consumer of foam cooler box and expected to represent a higher market opportunity in the coming years. India and South Korea are projected to witness impressive growth for demand generation of foam cooler boxes. The Latin America and Middle East & Africa are estimated to witness sluggish growth in foam cooler box market.

Global Foam Cooler Box Market: Segmentation

The global foam cooler box market has been segmented by capacity, and end-use industry.

On the basis of capacity, the global foam cooler box market has been segmented into:

  • Below 10 quart
  • 11-25 quart
  • 26-50 quart
  • Above 50 quart

On the basis of end-use industry, the global foam cooler box market has been segmented into:

  • Food Industry
  • Beverages Industry
  • Logistics & Transportation Industry
  • Pharmaceutical Industry
  • Others

Global Foam Cooler Box Market: Key Players

Some of the key players operating in the global foam cooler box market are as follows:

  • ACH Foam Technologies
  • Air Sea Containers, Inc.
  • Brown Packaging
  • Harbor Foam Inc.
  • Lifoam Industries LLC
  • Magna Manufacturing, Inc.
  • Peek Packaging
  • Plastilite Corporation
  • Premier Plastics Inc.
  • RADVA Corporation

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on foam cooler box market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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